Petrol, diesel prices see 13th hike in 2 weeks in India

AGENCY: APRIL. 5 – Fuel prices saw an increase in India on Tuesday for the 13th time in the past two weeks.

According to a price notification of state fuel retailers, petrol and diesel prices were hiked by 0.80 rupees a liter respectively in the Indian capital.

A liter of petrol in the Indian national capital now costs 104.61 rupees (1.39 U.S. dollars) and diesel sold at 95.87 rupees (1.27 dollars).

Reports said the price of petrol in Mumbai has been increased by 0.84 rupees a liter to 119.67 per liter (1.59 dollars), while diesel price was raised by 0.85 rupees per liter taking it to 103.92 rupees (1.38 dollars) a liter.

The fuel rates are the highest in Mumbai among India’s metropolitan cities.

Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation.

Fuel rates were held steady for over four months in the country despite the spike in crude oil prices. The rate revision ended on March 22.

Critics say the rates were kept on hold due to the local elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur.

This is the 13th increase in prices since March 22.